Nifty Outlook : Windfall tax on diesel exports hiked, petrol duty reduced by Geojit Investments Ltd

2026-07-16 09:28:14 am | Source: Geojit Investments Ltd

Nifty Outlook : Windfall tax on diesel exports hiked, petrol duty reduced by Geojit Investments Ltd

News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #GeojitInvestmentsLtd

Nifty Outlook

We do not have a directional bias for today, which is consistent with the weak signals from momentum indicators and two consecutive days of dojis. That said, the longer wicks in the last two days, pointing to improved risk appetite, but with mean reversion tendencies. This set up favours a buy on declines approach. Towards this end, we prefer to wait for another test of 24040 or slight penetration to climb on a potential upside leap. We will retain 23940-24270 as the range to beat initially before considering directional plays.

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345

To Read The Complete Report & Disclaimer - Click Here

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Nifty Outlook : Windfall tax on diesel exports hiked, petrol duty reduced by Geojit Investments Ltd

Top News

Tag News

More News